Ethereum ETF outflows reached $1.61 billion in October, the largest monthly total since US spot funds launched in July 2024. The exits ended a three-month run of net inflows and coincided with a 16.1% drop in ETH. The figures describe a reversal in fund flows, but do not establish what comes next for the token’s price.
Weekly data from SoSoValue show that the funds recorded outflows in each of the five weeks ending during October. The Coinbase Premium Index, sourced to CryptoQuant, also weakened during the month, providing another indicator of US spot-market demand.
Key Takeaways
- US spot Ethereum ETFs lost $1.61 billion in October, exceeding the previous monthly outflow record of $1.42 billion set in November 2025.
- All five weeks ending during October recorded net outflows. The week ending October 9 had the largest, at $542 million.
- Total net assets declined to $13.22 billion from $17.60 billion during October. Cumulative net inflows fell to $12.29 billion.
- ETH’s October decline and the Coinbase Premium Index provide context for the period, but the figures do not identify why individual investors withdrew.
What October’s ethereum ETF outflows show
SoSoValue weekly data show US spot Ethereum ETFs recorded net outflows in each of the five weeks that ended during October. The largest weekly withdrawal was $542 million in the week ending October 9. October’s $1.61 billion total exceeded the previous record of $1.42 billion, set in November 2025.
The outflows followed three months of net inflows. The funds attracted a combined $3.05 billion from July through September. By the end of October, cumulative net inflows had slipped to $12.29 billion.
Total net assets fell to $13.22 billion from $17.60 billion during October. These are asset figures, distinct from the reported net-flow total. The figures are reported separately and do not attribute the asset change to a single cause.
US spot Solana ETFs also recorded outflows in October. They lost $143.7 million, their largest monthly outflow since debuting in October 2025. Their only other monthly outflow was $786,577 in June. Those figures describe a separate group of funds and do not show that investors treated every crypto asset or fund alike.
Background and context for Ethereum ETF flows
The October withdrawals ended a three-month inflow run. The $3.05 billion combined inflow from July through September and the $12.29 billion in cumulative net inflows at October’s end provide context for the record monthly exit.
CryptoRank’s data put ETH’s October decline at 16.1% and describe it as the token’s weakest October since 2016. The decline and ETF withdrawals occurred over the same month. The reported figures do not prove that the price move caused the outflows, or that the outflows caused the price move.
The monthly net-flow total, weekly readings, net assets and cumulative net inflows measure different things. In this case, the weekly data show that outflows occurred in all five weeks ending during October, while the monthly figure records their combined net amount. The net-asset total is reported separately.
These figures concern US spot Ethereum ETFs. They do not, on their own, account for every source of demand for ETH or explain the reasons behind each fund transaction.
Market reaction: ETH and US demand signals
ETH fell 16.1% in October, according to CryptoRank. The Coinbase Premium Index dropped to about -0.21 on October 29, its lowest reading since February. It later recovered toward -0.13 but remained below zero. The index measures a separate market signal and does not explain the fund withdrawals.
| Measure | Reading | Period |
|---|---|---|
| US spot Ethereum ETF net flows | -$1.61 billion | October 2026 |
| ETF net assets | $13.22 billion, down from $17.60 billion | During October 2026 |
| ETH price change | -16.1% | October 2026, CryptoRank |
| Coinbase Premium Index | About -0.21, later near -0.13 | October 29, then recovered; remained below zero |
More Crypto Online identified a break below $2,295 as a trigger for another downward move and placed support between $2,207 and $1,725. Ted Pillows named a reclaim of $2,400 as the first major sign of strength. More Crypto Online’s bearish view held while ETH remained below $2,522. These are attributed analyst views, not confirmed outcomes.
CryptoRank’s historical November data showed a median ETH return of -1.90% and an average return of +4.04%. The statistics point in different directions and describe historical returns, not a forecast for November.
The October flow and price figures show a difficult month for Ethereum funds and ETH. They do not establish whether investors will continue withdrawing or whether demand will recover.
What to watch next
Early November ETF flows and the Coinbase Premium Index will help show whether US demand returns after October’s record exits. The October data provide a baseline: five consecutive weeks ending in outflows, a $1.61 billion monthly net outflow and a Coinbase Premium Index that remained below zero after recovering from its October 29 low.
Those readings should be considered on their own terms. The flow figures describe activity in US spot Ethereum ETFs, while the Premium Index is a separate indicator. Neither establishes the cause of October’s withdrawals or determines ETH’s future price direction.
FAQ
How large were ethereum ETF outflows in October?
US spot Ethereum ETFs recorded $1.61 billion in net outflows in October 2026. It was the largest monthly outflow since the funds launched in July 2024.
What coincided with Ethereum ETF outflows?
The reported withdrawals coincided with ETH’s 16.1% October decline and a negative Coinbase Premium Index. The evidence does not establish one cause for every investor’s decision to withdraw.
Do ETF outflows mean ETH will keep falling?
No conclusion about ETH’s future price follows from the reported fund outflows alone. The figures describe past activity, and the cited analyst levels are views rather than confirmed outcomes.
Sources
This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrencies are highly volatile; always do your own research before investing.
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